Philippines' top coal producer set to make second shipment to Japan

MANILA : Top Philippine coal producer Semirara Mining and Power Corp. said on Thursday it will ship 50,000 tonnes of coal to Japan's Shikoku Electric Power Co Inc., as it diversifies its export markets and cuts reliance on China.

"China is still our main foreign buyer but with their industrial output growing slower than expected, we want to develop other Asian markets like Japan," Semirara president Maria Cristina Gotianun said. The company accounts for 99 per cent of the Philippines' coal output and last year expanded its export markets to include buyers from Vietnam, Cambodia, Thailand and South Korea.

Semirara is targeting full-year sales of 15 million to 16 million tonnes, compared with 2022 sales of 14.8 million tonnes. Most of its coal output is used to fuel domestic power plants, including company-owned facilities.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota's April global sales rise on stronger demand in Japan, ChinaTOKYO : Toyota Motor Corp's global sales rose by nearly 5 per cent in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of b
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »